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10. Describe TWO pros and ONE con of purchasing a new car for each method in the table below. Method Pro's Con's Cash Payments Leasing 11. List four categories of expenses related to owning and operating a car that you pay AFTER buying the car. Approximately how much should you budget per month for each expense? Circle the expense that is "hidden" meaning people may forget it exists. Expense Budget 28. Complete the following table with the corresponding compounding periods in one year. Number of Compounding Periods in a Year Annually Semi-annually Quarterly Monthly Weekly Daily You may also come across semi-monthly and bi-monthly. For the purposes of this course, assume: semi-monthly is twice a months =24 periods/year bi-monthly is every two months = 6 periods/year 29. For each situation, complete using either form of the compound interest formula then calculate the final amount. Be careful how you enter these numbers in a calculator! BEDMAS! Situation Formula Amount ($) $200 invested for 4 years at 5% A= (1+ compounded annually. A= (1+ Joe invests $350 for 5 years at 6% compounded monthly Sherry borrows $2000 for 18 months at 8% compounded yearly. $800 is borrowed for 4.5 years at 12% compounded quarterly. A= (1+ A= (1+ $1200 invested for 9 years at 4% compounded semi-annually. A = (1+ Daily compounding of a $250 loan for 9 weeks at 18%. A= (1+